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Northwest Iowa | Best way I found to counteract the expensing of machinery between row crop and livestock is when valuing feed is put a value on what you can sell it for. Example, couple years ago alfalfa was running 185-200 a ton. That’s the value I charged my sheep. Accurate? nope. Fair? I would say so. I did this because one season after buying my baler I had 9k of repairs. Well how do I expense that and keep track of that over the next how many years of having it? I found it dang near impossible. My baler tractor goes on the auger in the fall for row crop and baler in summer. This was the only way we found to work. Theirs 2 budgets to every enterprise: cash in cash out that you use at accounting office and than one with opportunity costs like the example I use with my alfalfa | |
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Farm wife talking. Please help me understand
